The Self-Executing Contract Between Form and Content: A Juristic Characterization of Smart Contracts and Its Effects on Contract, Option, and Liability
Keywords:
Smart contracts; Juristic characterization; Delimiting the locus of dispute; Blockchain; Contemporary financial transactions.Abstract
This study examines the jurisprudential (fiqh)characterization of smart contracts as acontemporaryfinancial-transaction
(nāzilah),addressingtheproblemissueofdetermining their juristic nature: are they acontract, a binding promise, or an agency(wakālah)? And is it sound to assign them asingle comprehensive characterization? Thestudy employs the inductive, analytical, andcomparative methods.
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